We continue to be Bullish on the Outsourcing Mkt

Better-than-expected results at HCL Technologies, India's fourth-largest technology services exporter, went a long way in assuaging investors who were concerned about the health of the Indian information technology sector, especially after the poor showing of bigger peer Infosys earlier this week. The growth in revenues was driven by the strong performance of the infrastructure management services vertical, as well new business in Europe. But as in the previous quarter, the Noida-based company's headcount shrunk slightly. In an interview, CEO Anant Gupta told ET that HCL continues to be bullish on the outsourcing market and the company's deal pipeline is 40% higher than a year ago.